Used-vehicle auction services company America’s Group has acquired a 17-acre auction facility in Las Vegas — its first acquisition since forming in late 2021 — marking its entry into Nevada.
The company said Tuesday that it purchased DAA Las Vegas — a six-lane, full-service auction that opened in 2014 — from McConkey Auction Group. A purchase price was not disclosed.
The acquisition expands the company’s market presence to dealers, rental companies and financial institutions in major cities in the West, America’s Group CEO Chuck Tapp said Thursday. The company has two auctions in Southern California, though they are smaller — less than 2 acres each, he said.
America’s Group formed in December 2021 when vehicle auction and remarketing company XLerate Group acquired America’s Auto Auction. The combined company rebranded as America’s Group in 2022. Tapp took the CEO reins from Cam Hitchcock at the end of 2022, following the executive’s retirement.
“It took us the last year and a half to digest and put the two companies together, but now we’re in a position to go out and acquire the right auctions in the right places,” Tapp told Automotive News on Thursday.
The company will keep all 50 DAA Las Vegas employees, Tapp said.
America’s Group, which has 38 auctions in 19 states, looks to accumulate more market share in the wholesale auction space and overtake competitors in annual vehicle sales, Tapp and Hitchcock told Automotive News last year.
“The plan is to be nationwide,” Tapp said Thursday. “And we’re still looking at other acquisitions right now.”
